Kia Motors to build $1-billion Mexico plant

South Korea’s Kia Motors Corp. said it will invest more than $1 billion to build a car factory in northern Mexico that is expected to begin production in 2016.

The company said the new plant in Nuevo Leon state, across the border from Texas, will have the capacity to make 300,000 cars a year.

Kia’s announcement follows several by other car companies planning to expand or build new factories in Mexico.



Source: Washington Post